MTAR Technologies is launching its IPO. The public offer of the company comprises fresh issuance of 20 lakh equity shares and an offer for sale of around 82 lakh equity shares, valuing the public offer at around Rs. 600 crores. For more information, you can refer to the IPO Prospectus filed by the company.
About the company:
MTAR Technologies is a leading national player in the precision engineering industry engaged in the development and manufacturing of mission-critical precision components. Through its wide-variety of complex product portfolio, MTAR has created a niche for itself in the Indian precision engineering industry and is today counted among the top three suppliers that cater to precision engineering requirements of Indian nuclear, Defence, and Space sectors, catering to the like of ISRO, NPCIL, DRDO, Bloom Energy, Rafael, Elbit, among others.
Financial Year Ended (in â‚ą million)
Revenue
Profit After Tax
EPS
EBITDA
March 2018
1,605.45
54.2
1.92
328.23
March 2019
1859.1
391.99
13.89
559.55
March 2020
2181.42
313.18
11.11
623.34
For nine months ended December 31, 2019
1533.19
224.53
7.96
445.89
For nine months ended December 31, 2020
1779.91
280.69
10.49
537.5
Indicative Timetable
Event
Date
Issue Period
3rd March 2021 - 5th March 2021
Price Range
574 - 575
Minimum Bid Quantity
26 and in multiples thereof
Finalisation of Allotment
10th March 2021
Initiation of Refunds
12th March 2021
Credit of Shares
15th March 2021
Listing
16th March 2021
How do I apply to the MTAR Technologies IPO?
You can apply for the MTAR Technologies IPO using any supported UPI app by following two steps:
The MTAR Technologies issue opens tomorrow and already had a Grey Market Premium of Rs 440-450 around 6 pm today. This issue could give one of the biggest listings gains this year.
I applied via SBI ABSA in night and message shown that it will be scheduled for 9 am and sms will come once lien amount is blocked. No SMS came from SBI but i see less amount available than my actual balance. Does this mean application submitted?
After applying for IPO successfully I am not getting the modify bid button instead I can still see Apply button… I faced this for both MTAR and NURECA IPOs…
I got the mandate for NURECA and same status got reflected in console also…But it’s confusing when the apply button is still seen making me to thing if it didn’t get applied successfully… Still waiting for MTAR mandate…
YOU WILL GET AN EMAIL BY 6TH MARCH AND IF NOT YOU HAVE TO CHECK SBI IPO ORDER BOOK IF YOUR APPLICATION IS SUBMITTED OR NOT. IF THE AMOUNT GOT LIEN THEN IT MAINLY MEANS YOUR APPLICATION GOT SUCCESSFULLY SUBMITTED.
IF YOU ARE FACING ISSUE WITH ZERODHA IPO APPLYING SECTION THEN YOU CAN DIRECTLY APPLY THE IPO VIA YOUR BANK’S ASBA OPTION WHERE YOU HAVE TO FILL THE BASIC INFO LIKE YOUR 16 DIGIT DEMAT NO. AND YOUR BO’S DEPOSITORY (IN ZERODHA THE DEPOSITORY IS CDSL). I FACED SIMILAR PROBLEM IN ZERODHA BUT MY BANK DOESN’T PROVIDE ASBA FACILITY THROUGH THEIR NET BANKING. BUT NOW THE ISSUE WITH ZERODHA IS REOLVED. BY THE WAY IN WHICH BANK DO YOU HAVE AN ACCOUNT WITH? IF IT’S HDFC OR ICICI OR SBI OR KOTAK THEN THEY HAVE ASBA FACILITY THROUGH THEIR NET BANKING.
Lately I have faced some issue with Zerodha/upi. My indigo ipo application was submitted but when I checked after 5 pm on last day my bid was not there. Later zerodha sent email that bids on last day after 3pm are not guaranteed for success. It could be issue at zerodha or at nse/nse or network issue due to heavy load.
I find ASBA much better as on one screen I complete application no need to approve mandate. Also it seems better allocation chance with ASBA
YES ASBA IS MUCH MORE BETTER AS FULL FLEDGED BROKERS ALSO FILL THE IPO FORM AND SUBMIT THEM WITH BANK SO ASBA IS A ONLINE PROCESS OF THAT FORM FILL OFFLINE METHOD.
SIR ONE OF MY FRIEND MISTAKENLY APPROVED THE UPI MANDATE ON 9TH MARCH FOR MTAR IPO FROM PHONEPAY.The money got deducted from his account.How to recover the money?
BY THE WAY 9TH MARCH IS ON TOMMOROW. KINDLY SPECIFY THE RIGHT DATE OF UPI APPROVE DATE. IF YOUR FRIEND APPLIED FOR IPO AND THEN APPROVED THE UPI NEXT DAY THEN HIS APPLICATION CAN GET SUCCESSFUL. ALSO THE MONEY WILL GET BLOCKED IN THE BANK ACCOUNT NOT DEDUCTED AND IF IT GOT DEDUCTED THEN YOU HAVE TO VISIT THE BANK BRANCH TO RESOLVE THE ISSUE.
One can accept mandate until 12 PM the next day of the issue closure date.
As he has accepted the mandate after specified time period, likely the application will be rejected. Also, funds blocked too will be released on refund initiation date or by mandate end date.